With Bankman-Fried potentially facing lengthy prison time, what can we anticipate for the future of the platform, and is there any possibility for the FTX exchange to bounce back? In November 2022, FTX, once a prominent player in the crypto industry, experienced a sudden collapse resulting in its bankruptcy. More recently, Sam Bankman-Fried, the ex-CEO … Read more
On Tuesday, the Financial Stability Institute released a report highlighting the importance of establishing consistent regulatory guidelines for stablecoins among various nations. The Financial Stability Institute, a partnership between the Bank for International Settlements (BIS) and the Basel Committee on Banking Supervision, highlighted the importance of uniform policies in strengthening the worldwide financial system. According … Read more
Bitcoin ETFs saw a net outflow of $223 million on Monday after four consecutive days of net inflow. Based on SoSo Value’s report, Bitcoin ETFs experienced their largest outflow in over two weeks on Monday. The previous week had seen four successive days of inflows, amounting to approximately $570 million. This led to a surge … Read more
BitMEX Founder Arthur Hayes shared his opinion on Bitcoin’s price on the eve of its halving. In a recent article, Hayes pondered if Bitcoin (BTC) would be able to maintain its record peak as it gets closer to the next halving event. According to Hayes’ latest prediction, Bitcoin prices are likely to drop prior to … Read more
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